The Convention applies to theatrical feature films only. It provides that a film co-produced by a company that is established in the UK and one that is established in one of the other signatory countries of the Convention will be entitled to national treatment in each co-producing country if the film is produced under the terms of a co-production agreement between the two producers and in accordance with the requirements of the treaty. Generally, each co-producer must contribute at least 20 per cent of the financing to the production of the film. This applies to a two-way co-production. If it is a three-way co-production it may be 70 per cent:20 per cent:10 per cent. The co-production agreement must stipulate that the co-producers are joint owners of the original picture and sound negative.
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